Energy Data Response US Weekly Petroleum Status Report US crude stocks increased last week as inputs to refineries fell. We expect crude stocks to continue to rise in the coming months as a weaker US economy leads to softer growth in gasoline demand. 2nd October 2019 · 2 mins read
Metals Data Response Global Steel Production (Aug.) An upturn in Chinese output lifted global steel production growth out of the doldrums in August. But with environmental cuts being stepped up, and construction activity set to falter, we doubt this... 26th September 2019 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report US crude stocks rose on the back of higher US production and a fall in crude inputs to refineries. Stocks could ease back again in the month ahead if the loss of Saudi oil lifts demand for US crude... 25th September 2019 · 2 mins read
Metals Data Response China and India Gold Imports (Aug.) Gold imports in China and India remained extremely weak in August. With local currency prices likely to stay elevated, and growth in China set to slow, a turnaround in demand is unlikely anytime soon. 25th September 2019 · 2 mins read
Metals Data Response Global Aluminium Production (Aug.) Global aluminium production fell again in August, and we think this contraction could deepen in the months ahead. Despite this, we forecast that the price of aluminium will fall a little further this... 20th September 2019 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US crude stocks rose last week largely owing to a decline in refinery inputs. Relatively high stocks will continue to reassure the market that there are ample supplies to cover outrages in Saudi... 18th September 2019 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report Another sharp fall in US stocks suggests crude demand is holding up well, despite some signs of deterioration in economic activity data. However, we suspect that crude stocks will soon start to build... 11th September 2019 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks plunged again last week as net imports surged. Looking ahead, we expect higher US oil production and refineries going into scheduled maintenance to lead to increases in US... 5th September 2019 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report The huge weekly drawdown in US crude stocks clearly soothed some of the near-term fears surrounding softer demand, as evidenced by today’s gain in prices. But our forecast for a slowdown in the US... 28th August 2019 · 2 mins read
Metals Data Response Global Steel Production (Jul.) July’s slowdown in steel production was probably a sign of things to come given environmental restrictions, squeezed margins and soft demand in China. Nonetheless, steel prices look set to fall... 27th August 2019 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report While most of last week’s draw in US commercial crude stocks was down to a drop in net imports, the latest figures showed another strong week for both inputs to refineries and gasoline demand. But... 21st August 2019 · 2 mins read
Metals Data Response Global Aluminium Production (Jul.) Global aluminium production remained in the doldrums in July. We had previously expected smelter ramp-ups and lower input costs to spur a recovery in China’s output in the second half of 2019. But... 20th August 2019 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report Lower demand from refineries is the primary reason for another unexpected rise in commercial crude stocks. This exaggerated today’s fall in prices, which had already been dragged down by weak economic... 14th August 2019 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report While much of last week’s decline in commercial crude stocks is down to the EIA’s opaque adjustment factor, the latest stocks report nonetheless paints a fairly weak picture of US demand. Given our... 7th August 2019 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report Another hefty drawdown in US commercial crude stocks last week might be taken as a bullish sign by oil markets. However, taking a closer look at the latest week’s figures, the picture painted of... 31st July 2019 · 2 mins read
Metals Data Response Global Steel Production (Jun.) Faltering demand from the Chinese construction sector should mean that the recent downturn in global steel output growth should gather pace in the months ahead. 26th July 2019 · 2 mins read
